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Breaking Down Last Week’s US Bond Market Activity
There have been huge swings in the US stock market lately, but bond markets have not moved as expected. Typically, treasuries benefit during periods of uncertainty, as investors flock to safer assets. However, last Friday saw falling bond prices pushed the benchmark 10-year Treasury yield briefly above 4.5 per cent up, from 3.99 per cent…
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The Conservative Housing Plan – The Difference is in the Details
Last week, we looked at the Liberal Housing Plan. This week, we turn our attention to the Conservative Housing Plan. The Conservatives have outlined five key housing-related priorities: Cutting the GST on new homes Unlocking federal land for housing development Creating incentives for municipalities to accelerate homebuilding Expanding the skilled trades workforce Introducing capital gains…
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Tariffs: America’s Economic Own Goal
Last week, President Trump announced sweeping tariffs—25 per cent on all automotive imports into the US, alongside a blanket 10 per cent tariff on all incoming goods, with some countries facing even steeper “reciprocal tariffs.” The fallout has been swift. In 2023, average tariffs levied by other countries on the US were 4.6 per cent…
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The Liberal Affordable Housing Plan – Lofty Ideas, but Light on Details
The Liberal Party announced its plan to address the affordability crisis, calling it “Canada’s most ambitious housing plan since the Second World War.” The plan aims to increase the rate of residential housing construction to 500,000 units per year over the next decade. The key components of the plan include: Build Canada Homes (BCH): BCH…
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Tariffs Put the Brakes on Economic Recovery
Canadian monthly GDP rose by a solid 0.4 per cent in January, the largest gain in nearly a year, following an upwardly revised 0.3 per cent advance in December (initially reported as +0.2 per cent). The Bank of Canada’s easing measures appeared to be having the desired effect, signalling that the economy was turning a…
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Popping Trial Balloons in the Housing Market
The election writ was dropped on Sunday, March 23, just one day before parliament was scheduled to resume. With the election scheduled for April 28, we expect to hear numerous proposals on how the federal government can address the housing crisis. Below, we examine two recent proposals from BC. Addressing the down payment hurdle Saving…
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Regional Impact of Tariffs – A Closer Look at BC and Alberta
The Canadian economy is expected to slow amid the risk of tariffs and an escalating trade war. While the exact scope and scale of these tariffs remains uncertain, we can make an educated assessment of their effects on the Canadian economy at a regional level. This week, we take a closer look at Canada’s two…
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